Nutanix $NTNX Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its stake in shares of Nutanix (NASDAQ:NTNX) by 63.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,941 shares of the technology company’s stock after selling 19,047 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Nutanix were worth $566,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. SJS Investment Consulting Inc. grew its position in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after buying an additional 687 shares during the last quarter. Optiver Holding B.V. purchased a new position in Nutanix during the 3rd quarter worth $68,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Nutanix by 135.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after acquiring an additional 609 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Nutanix by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after acquiring an additional 291 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Nutanix by 18.2% in the second quarter. Advisors Asset Management Inc. now owns 1,453 shares of the technology company’s stock valued at $111,000 after acquiring an additional 224 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $37.93 on Tuesday. Nutanix has a one year low of $35.39 and a one year high of $83.36. The firm has a market capitalization of $10.06 billion, a P/E ratio of 41.23, a PEG ratio of 4.02 and a beta of 0.49. The company’s fifty day moving average is $40.20 and its two-hundred day moving average is $54.10.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTNX. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research note on Friday. Royal Bank Of Canada set a $55.00 price objective on shares of Nutanix in a research report on Wednesday, February 11th. Bank of America lowered their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. UBS Group boosted their target price on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.43.

Nutanix Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.